Edgestream Partners L.P. Decreases Stake in Carnival Co. & plc (NYSE:CCL)

Edgestream Partners L.P. reduced its position in Carnival Co. & plc (NYSE:CCL) by 94.7% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 16,142 shares of the company’s stock after selling 287,109 shares during the period. Edgestream Partners L.P.’s holdings in Carnival Co. & were worth $302,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Richardson Capital Management LLC bought a new stake in shares of Carnival Co. & in the first quarter valued at approximately $26,000. Family Firm Inc. purchased a new position in Carnival Co. & in the 2nd quarter valued at approximately $26,000. Hantz Financial Services Inc. bought a new stake in Carnival Co. & during the 2nd quarter valued at $30,000. ICA Group Wealth Management LLC purchased a new stake in shares of Carnival Co. & during the fourth quarter worth $31,000. Finally, BNP Paribas bought a new position in shares of Carnival Co. & in the first quarter worth $32,000. 67.19% of the stock is owned by hedge funds and other institutional investors.

Carnival Co. & Price Performance

Shares of Carnival Co. & stock opened at $18.97 on Tuesday. The stock has a market capitalization of $21.29 billion, a price-to-earnings ratio of 29.18 and a beta of 2.68. The company has a fifty day moving average of $16.60 and a 200-day moving average of $16.17. Carnival Co. & plc has a 52-week low of $10.84 and a 52-week high of $19.74. The company has a debt-to-equity ratio of 3.99, a quick ratio of 0.24 and a current ratio of 0.28.

Carnival Co. & (NYSE:CCL) last announced its quarterly earnings data on Tuesday, June 25th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.12. Carnival Co. & had a return on equity of 15.22% and a net margin of 3.86%. The firm had revenue of $5.78 billion for the quarter, compared to analysts’ expectations of $5.68 billion. During the same period last year, the firm earned ($0.31) earnings per share. The company’s revenue for the quarter was up 17.7% compared to the same quarter last year. Equities research analysts expect that Carnival Co. & plc will post 1.19 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on CCL. JPMorgan Chase & Co. increased their price objective on Carnival Co. & from $23.00 to $25.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Argus raised their price objective on shares of Carnival Co. & from $20.00 to $25.00 and gave the company a “buy” rating in a research report on Thursday, June 27th. Susquehanna reaffirmed a “positive” rating and set a $22.00 target price on shares of Carnival Co. & in a report on Wednesday, June 26th. Stifel Nicolaus raised their price target on shares of Carnival Co. & from $25.00 to $27.00 and gave the company a “buy” rating in a report on Friday. Finally, Citigroup upped their price target on shares of Carnival Co. & from $18.00 to $22.00 and gave the stock a “buy” rating in a report on Wednesday, June 26th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Carnival Co. & presently has an average rating of “Moderate Buy” and an average target price of $22.63.

Carnival Co. & Company Profile

Carnival Corporation & plc engages in the provision of leisure travel services in North America, Australia, Europe, Asia, and internationally. The company operates through four segments: NAA Cruise Operations, Europe Cruise Operations, Cruise Support, and Tour and Other. It operates port destinations, private islands, and a solar park, as well as owns and operates hotels, lodges, glass-domed railcars, and motor coaches.